The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-18

mat 10 be true, he IL only one o
W.OOO,0W OF people; and il an
young man thinks he is going e
initiate Jay Gould, there are CO.,
O0O,0W OF chances to one that he
won't succeed.
Tho rule ! would lay down for q
young man is, never do mean
thing for money. BE prudent and
saving Of your money. BE careful
to have no interest account running
against you unless you have an equal
or greater interest account running
in your favor. Work diligently and
| you are sure OF competency in
your old ago, and as carly as posi-.
bio, if you can fud a saving, prudon.
kif,, wa6 las been brought ap BY a
mother who knows how 10 take care
OF house and make wife OF her,
she will aid and not hinder you.
VI claim no originality in this ad-
vice. and will relate you an incident
in nay own experience to illustrate il.
I'm my earliest practice in my pro-
fession was quite successful in earn
ing money, and l had a small balance
in the Lowell Bank, at the head Of
which was Mr.. James G.. Carney.
The bank was directly across the hall
from my Office. stepped into the
bank TO deposit little money on one
occasion. and Mr.. Carney said 10 me .
why don't you invest your
moneys
Invest said |; II have nothing
10 invest.
"0h. yes. he says, you have quite
little sum OF money. aud / see that
your young friends come with your
checks occasionally, evidently Dor.
rowing it. Now. you had better in
vest IT,
How can i invest itf'
Invest II in real estate.
~ know nothing about real estate.
"'Go TO the first auction aud buy
the property. You cannot be much
cheated in that, because you will
have 20 give very little more than
somebody else will be willing to pay
for H. Give your notes for il, save
your money, collect your fees, pay
your notes as they become due. See
that the property is improved prop
erty, so that the rent will keep down
your interest account, aud when you
get any other money invest il in the
same way, and il your notes press
upon you little faster than you can
pay them, why. we will, when We
lind that Is what you are doing with
your money, discount your nete and
give you little more time 30 that
you can pay II mp. This will necessi.
tate the prompt collection OF your
bills. for | know that you would
rather work aud earn 900 than dun
man for IL, unless you have a
pressing need for il. You have not
even asked for . little bill that We
owe you In the bank, which shows
that you do not promptly collect your
dues.
IL followed the advice aud bought
q number Of pieces Of property 10
that manner. aud l never did exact
ly know how they we're paid for, but
they yere. aud In a few years /
owned some twenty different pices OF
property 10 Lowell that came TO me
10 that way. l can only say that
wish l had been wise enough TO con.
tinuo this course through life.
IL do not think | need to extend
these suggestions any further, be.
cause IL ayoung man won't mind
those he won't any others, and can.
not suggest any better ones. am
yours truly,
"BKNJAxIs v. BUTLER"
SNOWMAN BARSuMs SUGGESTIONS.
The great and only Barnum tells
his story over again In this Language;
wststntns, Blnsus's R.npExos,l
0BpBcrronr.C osr, Ausust.so. 1851.
"DBAn StR-I have received many
letters during the last twenty years
asking me TO give the writer's some
practical hints on the requirement
! pt wealth, aud have heretofore upi.
iormly referred them TO my autobi.
ography, which contains a compre.
hensiye lecture on that subject, de
livered by me many times in Eng.
land and the United States. Those
who really desire TO obtain an indie.
peudenco have only 10 set their
minds upon il aud adopt the proper
means, as they do in regard 10 any
other object which they wish TO &C.
oomplish. and the thing Is casily
done But, however easy IL may be
found 10 mako money, | have nc
doubt most people will agree that Il
Is the most diflicnlt thing in the
world 10 keopit.
"The road TO wealth is, as DR.
Franklin truly says, as plain as the
road 10 mill. II consists simply Ia
e1pcndipg loss than We caro-. Many
may say, We understand this; thii
IL economy, aud We know economy Il
wealth; We know VIC can't eat oui
cake aud keep Il also Yet, per
haps. moro failures arise from mis-
takes on this point than almost any
other. True economy Is misappre
hendcd. and people 20 through liz,
without properly oomprehendins
what that principle Is. There ar,
many who think that economy con,
sists In saving cheese parings ant
candle ends, In cutting OF twopenc,
from the laundress' bill and dom,
all sorts Of little mean things. Ecopo
my Is not mesnness. This false
economy may frequently be seen IL
men Of business, aud In those In
stances Il often runs 10 writing pa
per. You dnd good business met
who save all the old envelopes apC
scraps, and would not tear new
sheet OF paper, II they could avoid Il
Tor the world. That is all very we'll
they may In this way save Is or slI
year; but being 20 economics
(only in note papor), they think the.
can afford 10 waste time, 60 have cx
pcnsiye parties and 10 drive thci
carriages,
True economy consists in always
making the income exceed the out
20. The real comforts OF life cos
| T.. Iii ....s... ~ x.k.s -. !.